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Adani Ports registers 18% yoy rise in cargo volumes to 29.3MT in August 2022; Stock rises

The Company achieved a cargo throughput of 50 MMT (YTD cargo volume increasing from 100 MMT to 150 MMT).

September 02, 2022 11:33 IST | India Infoline News Service
Adani Ports and Special Economic Zone Limited (APSEZ) has informed the operational performance update for the month August 2022.

As per the filing, APSEZ handled 29.3 MMT of cargo in August ’22, implying 18% yoy increase; dry bulk volume also grew by 44% and containers by 8%, the company said.

Further, in a record 49 days, the Company achieved a cargo throughput of 50 MMT (YTD cargo volume increasing from 100 MMT to 150 MMT).

"In the initial five months of FY23, the Company managed 151.4 MMT of cargo, which is a 11% increase over the corresponding period last year, that benefitted from post COVID volume surge", the company said on Friday.

At around 11:32 AM, Adani Ports & Special Economic Zone Ltd is currently trading at Rs845.45 per share up by Rs7.65 or 0.91% from its previous closing of Rs837.80 per share on the BSE.

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